Gm friends,
Welcome back to another Premium Investor Report.
Let’s jump right in!
Here’s what’s in today’s issue:
- Rekt Capital has the latest technical analysis for you on the market.
- Defi Dad has a tutorial exploring DeFi on TON by lending on EVAA Protocol.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Arweave (AR)
- Coti (COTI)
- Avalanche (AVAX)
- Kyber Network (KNC)
- Bitcoin Cash (BCH)
- Theta Token (THETA)
Arweave — AR/USDT
Last week, we spoke about how AR was downside deviating below its Macro Downtrend as part of a Macro Retest, with scope for finishing the month as a downside wick.
Here is last week’s analysis:
And here is today’s analysis:
Arweave has recovered +31% to the upside after deviating below the Macro Downtrend and is right back above it, having produced a long downside wick in the end.
AR is now therefore positioning itself for a positive Monthly Close to essentially confirm a successful Macro Retest of the Macro Downtrend as new support.
This retesting has been taking place for three straight months now.
More, with this recent successful retest, AR has returned into the Monthly Bull Flag as well, finding its way above the base of the flagging pattern.
Monthly Close just like this and this will confirm not just a successful retest of the Macro Downtrend but a successful reclaim of the Monthly Bull Flag which could entail a future breakout to challenge the $43 (black) highs again.
Coti — COTI/USDT
Last week we spoke about how COTI needed to make significant strides to reclaim the light blue area as new support going into July.
COTI has rebounded but not enough thus far:
However, there is potential for COTI to at least Monthly Close inside the light blue area which could be enough to classify this recent downside deviation below it as a retest attempt.
Ideally, a Monthly Close above the light blue box would remove all doubt when it comes to a successful retest but a Close inside the box may just be enough to preserve the box as support.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
Exploring DeFi on TON: Lending on EVAA Protocol
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover the top lending and borrowing app in the fast-growing TON DeFi ecosystem!
Found in 2018 by the cofounders of Telegram, Nikolai and Pavel Durov, The Open Network (TON) is composed of the TON Blockchain, TON DNS, TON Storage, and TON Sites. The TON Blockchain represents the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem.
With clever integrations and distribution of TON apps and wallets via Telegram, TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users.
The TON Mainnet launched in 2022 and only started seeing substantial growth in onchain liquidity at the start of 2024 with just over $14M. Since then, TON has grown over 46X and sits now at just over $654M deposited in DeFi smart contracts.
One of the few DeFi protocols on TON to find real…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
